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Private vs Public Companies Quiz

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Questions and Answers

What is a key advantage of a cooperative organization?

High government interference

Limited liability

Easy to form (correct)

Lack of motivation

What is a characteristic feature of a Government company?

No accountability to the Parliament/State Legislature

Separate Legal Entity not established

Majority capital provided by private concerns/individuals (correct)

Executive Decision of Government not required

What is a disadvantage of a cooperative organization?

Surplus shared by the members

Cash trading (correct)

Lack of secrecy

Easy to form

What defines a Government company?

Minimum of 49% share capital held by government Signup and view all the answers

What is a characteristic of sole proprietorship?

Unlimited liability Signup and view all the answers

What is a disadvantage of sole proprietorship?

Unlimited personal liability Signup and view all the answers

What is a characteristic of a partnership?

Common management Signup and view all the answers

What is a disadvantage of a partnership?

Potential for conflict Signup and view all the answers

What is the main difference between public limited companies and private limited companies?

Public limited companies can be listed on stock exchanges, while private limited companies cannot. Signup and view all the answers

What advantage is unique to public limited companies compared to private limited companies?

Share transferability Signup and view all the answers

Which disadvantage is specific to private limited companies as mentioned in the text?

Exempted from conducting statutory meetings Signup and view all the answers

What is a common disadvantage shared by both public and private limited companies as mentioned in the text?

Large complexities Signup and view all the answers